You will give a loan to the customer but how do you know if he is suitable for taking the loan ?

Question

Accepted Answer

We assess the customer's credit history, income, employment status, and financial stability to determine their suitability for a loan.

Check the customer's credit score and credit history to evaluate their creditworthiness
Verify the customer's income and employment status to ensure they have the means to repay the loan
Assess the customer's overall financial stability and debt-to-income ratio
Consider any collateral or assets the customer may have to secure the loan
Review the customer's payment history on previous loans or credit accounts